Redalyc.POLAND in the EUROPEAN UNION. TEN YEARS

Total Page:16

File Type:pdf, Size:1020Kb

Redalyc.POLAND in the EUROPEAN UNION. TEN YEARS Revista UNISCI ISSN: 2386-9453 [email protected] Universidad Complutense de Madrid España Kolodziejczyk, Katarzyna POLAND IN THE EUROPEAN UNION. TEN YEARS OF MEMBERSHIP Revista UNISCI, núm. 40, enero, 2016, pp. 9-26 Universidad Complutense de Madrid Madrid, España Available in: http://www.redalyc.org/articulo.oa?id=76743646002 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative Revista UNISCI / UNISCI Journal , Nº 3 9 ( Enero / January 2016 ) POLAND IN THE EUROPE AN UNION. TEN YEARS OF MEMBERSHIP Katarzyna Kolodziejczyk 2 University of Warsaw Abstract : Twelve years have passed since the Polish entry into the European Union. For Poland the date of 1 May 2004 is the culmination of a transformation process launched at the end of the Cold War in 1989. One of the priorities of Polish foreign policy, the expansion of the political, economic and cultural relations with Western Europe and the United States has been met. This approach has been described as ‘the return to Europe’. Membership in the European Union c hanged the Polish economy and the new politics opened up new opportunities for businesses and citizens. The aim of the article is to analyze the balance of the Polish membership in the European Union in the economic, financial, political and social dimensi ons . Abstract : Poland, European Union, e conomic adjustments, exports and imports, financial flows, Polish presidency of the EU, Eastern Partnership, economic and social benefits . Resumen : Doce años han pasado desde la entrada de Polonia en la Unión Europea. Para Polonia, la fecha del 1 de mayo de 2004 supone la culminación de un proceso de transformación impulsado al final de la guerra fría en 1989. Una de las prioridades de la política ext erior de Polonia que era la ampliación de las relaciones políticas, económicas y culturales con Europa Occidental y los Estados Unidos se ha llevado a cabo. Esta orientación ha sido descrita como " la vuelta a Europa " . La pertenecía a la Unión Europea cambió la economía de Polonia y la nueva política abrió nuevas oportunidades para las empresas y los ciudadanos. El objetivo de este artículo es analizar las ventajas e inconvenientes de la pertenecía de Polonia a la Unión Europea en sus aspectos económico s, financieros, políticos y sociales . Palabras clave : Polonia, Unión Europea, ajustes económicos, exportaciones e importaciones, flujos financieros, Presidencia polaca de la UE, Asociación Oriental ,beneficios económicos y sociales . Copyright © UNISCI, 2016 . Las opiniones expresadas en estos artículos son propias de sus autores, y no reflejan necesariamente la opinión de UNISCI. The views expressed in these articles are those of the authors, and do not necessarily reflect the views of UNISCI. 2 Katarzyna Kolodziejczy is Associate Professor in social sciences, specialisation in political science. Staff member at the Institute of Inter national Relations of the University of Warsaw. E - mail : [email protected] . 9 Revista UNISCI / UNISCI Journal , Nº 3 9 ( Enero / January 2016 ) 1. Introduction On 1 May 2014, Poland became a member of the European Union (EU), concluding the long process of striving to join this organisation. These efforts had been initiated by the international transformations of the ‘Autumn of Nations’ that resul ted in an essential redefinition of Polish foreign policy, manifested in a purely pro - Western orientation and striving towards integration with Western European institutions. Formed by Tadeusz Mazowiecki in September 1989, the first non - Communist governmen t set expanding political, economic and cultural relations with Western Europe and the United States as one of the priorities for Polish foreign policy. This approach was referred to as ‘the return to Europe’. 3 Poland established diplomatic relations with the European Economic Community (EEC) in September 1988, and in the following year, on 19 September, it signed the first agreement with the EEC on trade and economic partnership. This agreement was important for the country’s systemic transformation and t he crumbling trade exchange within the Council for Mutual Economic Assistance (CMEA). Even though the conclusion of the association agreement between Poland and the European Community (EC) on 16 December 1991 did not provide Poland with any guarantee of fu ture membership, it constituted the foundation for the further development of relations with the EC because it established an institutional and legal framework for long - term economic, political, social, and cultural cooperation. The Polish application for membership to the European Union was launched on 8 April 1994. Having obtained a positive assessment from the European Commission, Poland was invited to the accession negotiations at the European Council meeting held in Luxembourg on 12 – 13 December 1997. The negotiations were concluded on 13 December 2002, and the Accession Treaty was signed on 13 April 2003. Once the ratification procedure was completed, Poland joined the EU on 1 May 2004 with nine other countries. More than a decade has passed since then , and Poles quickly got accustomed to EU membership. Polish enterprises have entered into competition with companies from other countries in the single market, employees from Poland seek employment in other EU Member States, students benefit from EU schola rships, and common ordinary Poles cross borders as fully - fledged members of the Schengen area. The fears of losing sovereignty, of Polish land being purchased away by foreigners or of a demise of Polish agriculture have not realised. Instead, after slightl y more than a decade, Poland made a significant leap forward and is now the leader of economic growth in the EU. The symbolical crowning achievement so far was the appointment of Donald Tusk to the office of President of the European Council in the tenth y ear after accession. Of course, the outcome of Poland’s membership in the EU includes some costs, but overall they have become beneficial for Poland because the adjustments to EU standards have supported the country´s modernisation. The aim of this article is to analyse the effects of Poland’s membership in the EU and to assess the costs and losses it has entailed. The underlying assumption, however, is that the decision to try and obtain EU mem bership was the best possible decision in terms of the Polish raison d’état . For the purpose of the analysis, the article has been divided into three parts. The first part concerns issues connected with the economic and financial dimension of Poland’s memb ership in the EU, followed by an assessment of political gains and losses resulting from membership. The main reason for this design is that the EU has an exceptionally well - developed policy concerning a broadly defined economic integration, in contrast to the Common Foreign and Security Policy 3 Mazowiecki, Tadeusz: " Powrót do Europy. Przemówienie na forum Rady Europy w Strasburgu " (A Return to Europe. A Speech Held in the Council of Europe in Strasburg), Znak , No. 416, Kraków (January 1990), pp. 3 - 9. 10 Revista UNISCI / UNISCI Journal , Nº 3 9 ( Enero / January 2016 ) (CFSP). The third analysed area is social issues, a basic element in any comprehensive evaluation of Poland’s membership. 2. Economic and Financial Aspects of Poland’s M embership in the EU Poland began its relations with the EU as a post - communist and backward country taking its first steps on the path of systemic transformation from a central planned economy to market economy. The accession to the EU, 15 years after the transformation process had been launc hed, provided some hope for faster economic growth, but, at the same time, gave rise to anxiety and concerns for the competition from companies in other EU Member States. Economists expected that benefits and tangible economic results appear after a relati vely long period of time (around 20 to 25 years after accession). However, within a single decade, Poland has become the European leader in economic growth and during its EU membership has experienced always a positive economic growth. Table 1. Percentag e Changes of Polish GDP Year over Year Polish GDP (% y/y) 8 6,8 7 6,2 6 5,3 5,1 5 4,3 3,9 3,9 4 3,6 3 2 2,2 2 1,6 1,2 1 0 Year Year Year Year Year Year Year Year Year Year Year Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Source: Data from www.euro - dane.com In terms of Gross Domestic Product (GDP), which is the most popular measure of the overall size of the economy, with the value of EUR 413 billion, Poland holds the eighth place in the EU in terms of nominal GDP, after Germany, France, the United Kingdom, Italy, Spain, the Netherlands, and Sweden (data available for 2014). Compared to the first five greater EU economies, the gap is immense an d virtually impossible to overcome; for example, in 2014, Germany’s GDP in current prices was EUR 2,904 billion (see Table 2). In terms of GDP at purchasing power parity per capita, an indicator used to assess the living standards, with the value of EUR 10,700, Poland holds only the 24 th place, followed by Croatia, Hungary, Bulgaria, and Romania. This figure is below the EU average, which in 2014 was EUR 27,300 11 Revista UNISCI / UNISCI Journal , Nº 3 9 ( Enero / January 2016 ) (see Table 2). Nevertheless, the success of the Polish economy is huge because, after the count ry’s accession to the EU, Polish GDP increased by almost a half (48.7%). GDP at purchasing power parity per capita in 2003 was 48.8 per cent of the EU average, and now it is 66.9 per cent, 4 which means that economic growth has sped up the process of eliminating development - related disparities.
Recommended publications
  • The Emerging Markets Investment Universe by Jan Dehn and Joana Arthur
    THE EMERGING VIEW August 2015 The Emerging Markets investment universe By Jan Dehn and Joana Arthur This is the fourth annual review of the Emerging Markets (EM) investment universe. We provide an overview of tradable debt and domestic credit markets in 54 EM countries as well as the large cap, small cap and Frontier Markets for equities. We compare debt statistics with similar metrics for developed economies to place EM in the global context. We highlight trends and discuss EM indices, the effect of regulation and USD strength, the rise of corporate bond markets, the likely implications of Fed hikes and other relevant aspects. We look towards the horizon of fixed income markets, including the growing Sukuk universe, the opening of China’s bond market, etc. We also peer into the future of EM equity markets, including the opening of markets in China, Saudi Arabia and Iran. Size and structure of global fixed income and EM countries now account for 57% of global GDP domestic credit1 As of the end of 2014, global tradable debt and domestic private on a purchasing power parity basis, but only sector credit was USD 197trn, or 255% of global GDP. Global around 20% of total debt and credit domestic credit to the private sector stood at USD 84trn, while global tradable debt was USD 113trn. The tradable EM debt universe Emerging Markets (EM) countries account for about 13% of the world’s tradable debt (USD 14.8trn) and 31% of the global The tradable EM corporate debt universe is now exactly the domestic credit to the private sector (USD 26trn).
    [Show full text]
  • Investing in Emerging and Frontier Markets – an Investor Viewpoint
    Contents Acknowledgements .............................................................................................................................................................................1 1. Executive Summary ........................................................................................................................................................................2 2. Introduction ........................................................................................................................................................................................3 3. Overview of Foreign Investor Activity ...................................................................................................................................4 4. Methodology ......................................................................................................................................................................................9 5. Discussion of interview findings ........................................................................................................................................... 13 Reference list .......................................................................................................................................................................................26 Investing in Emerging and Frontier Markets – An Investor Viewpoint Acknowledgements This research was only possible because of the willingness of investors to be interviewed for this report and to speak openly with
    [Show full text]
  • Opposition Behaviour Against the Third Wave of Autocratisation: Hungary and Poland Compared
    European Political Science https://doi.org/10.1057/s41304-021-00325-x SYMPOSIUM Opposition behaviour against the third wave of autocratisation: Hungary and Poland compared Gabriella Ilonszki1 · Agnieszka Dudzińska2 Accepted: 4 February 2021 © The Author(s) 2021 Abstract Hungary and Poland are often placed in the same analytical framework from the period of their ‘negotiated revolutions’ to their autocratic turn. This article aims to look behind this apparent similarity focusing on opposition behaviour. The analysis demonstrates that the executive–parliament power structure, the vigour of the extra- parliamentary actors, and the opposition party frame have the strongest infuence on opposition behaviour, and they provide the sources of diference between the two country cases: in Hungary an enforced power game and in Poland a political game constrain opposition opportunities and opposition strategic behaviour. Keywords Autocratisation · Extra-parliamentary arena · Hungary · Opposition · Parliament · Party system · Poland Introduction What can this study add? Hungary and Poland are often packed together in political analyses on the grounds that they constitute cases of democratic decline. The parties in governments appear infamous on the international, particularly on the EU, scene. Fidesz1 in Hungary has been on the verge of leaving or being forced to leave the People’s Party group due to repeated abuses of democratic norms, and PiS in Poland2 is a member of 1 The party’s full name now reads Fidesz—Hungarian Civic Alliance. 2 Abbreviation of Prawo i Sprawiedliwość (Law and Justice). * Gabriella Ilonszki [email protected] Agnieszka Dudzińska [email protected] 1 Department of Political Science, Corvinus University of Budapest, 8 Fővám tér, Budapest 1093, Hungary 2 Institute of Sociology, University of Warsaw, Krakowskie Przedmieście 26/28, 00-927 Warsaw, Poland Vol.:(0123456789) G.
    [Show full text]
  • Poland's 2019 Parliamentary Election
    — SPECIAL REPORT — 11/05/2019 POLAND’S 2019 PARLIAMENTARY ELECTION Tomasz Grzegorz Grosse Warsaw Institute POLAND’S 2019 PARLIAMENTARY ELECTION Held on October 13, 2019, Poland’s general election is first and foremost a success of democracy, as exemplified by crowds rushing to polling stations and a massive rise in voter turnout. Those that claimed victory were the govern- ment groups that attracted a considerable electorate, winning in more constitu- encies across the country they ruled for the past four years. Opposition parties have earned a majority in the Senate, the upper house of the Polish parliament. A fierce political clash turned into deep chasms throughout the country, and Poland’s political stage reveals polarization between voters that lend support to the incumbent government and those that question the authorities by manifest- ing either left-liberal or far-right sentiments. Election results Poland’s parliamentary election in 2019 attrac- try’s 100-seat Senate, the upper house of the ted the attention of Polish voters both at home parliament, it is the Sejm where the incum- and abroad while drawing media interest all bents have earned a majority of five that has over the world. At stake were the next four a pivotal role in enacting legislation and years in power for Poland’s ruling coalition forming the country’s government2. United Right, led by the Law and Justice party (PiS)1. The ruling coalition won the election, The electoral success of the United Right taking 235 seats in Poland’s 460-seat Sejm, the consisted in mobilizing its supporters to a lower house of the parliament.
    [Show full text]
  • Developed Markets Outlook 2021
    Uncertain recovery Developed markets outlook 2021 Investment Outlook TLIM Due to the COVID-19-related lockdown measures, 2020 will go into the record books as the year that saw the deepest global recession in peacetime. For 2021, we expect global economic activity to rebound, although the recovery will likely be slow amidst recurring restrictive measures. Pre-pandemic activity levels can only be reached once a vaccine has become widely available. Despite positive vaccine trial results, we don’t expect this to happen before the final quarter of 2021. In the meantime, further stimulus will be needed. Bold policy choices need to be made so that the recovery can become sustainable and inclusive. This could be a vital first step towards a new economic system, one that is equipped to address the challenges of our time: climate change, biodiversity loss and inequality. Developed Markets Outlook 2021 An uncertain recovery: divided US suits the global status quo Joeri de Wilde The US is still the largest economy in the world, with Global economy: growth rebound with unable to reach pre-pandemic activity levels before This trend may very well to continue in 2021, a worrying over 24% of global GDP. The change of leadership in much uncertainty the final quarter of 2021, when a substantial part of realisation. Washington could, in theory, be the spark that ignites their citizens have been vaccinated. In our outlook the much-needed global reset of our economic system. In 2020, we project global economic activity to for 2020, we warned about the ultra-loose global For 2021, we expect global economic activity to President-elect Joe Biden wants the US to ‘lead the contract by an astonishing 4.1%.
    [Show full text]
  • LSE European Politics and Policy (EUROPP) Blog: What Are the Prospects for the Polish Left? Page 1 of 4
    LSE European Politics and Policy (EUROPP) Blog: What are the prospects for the Polish left? Page 1 of 4 What are the prospects for the Polish left? Poland’s communist successor party has seen its opinion poll ratings increase in recent months. This upturn in support came after the revival of debates about the country’s communist past prompted by government legislation affecting the interests of its core electorate. But as Aleks Szczerbiak writes, the party’s leadership has failed to develop any new ideas or initiatives that can attract broader support beyond this declining group of former communist regime beneficiaries and functionaries. Without a political game-changer, the left will remain a marginal actor in Polish politics. Image from a Democratic Left Alliance campaign event ahead of the 2014 European Parliament elections, Credit: Democratic Left Alliance For most of the post-1989 period, the most powerful political and electoral force on the Polish left was the communist successor Democratic Left Alliance (SLD), which governed the country from 1993-97 and 2001-5. However, the Alliance has been in the doldrums since its support collapsed in the 2005 parliamentary election following a series of spectacular high-level corruption scandals. It contested the most recent October 2015 election – won decisively by the right-wing Law and Justice (PiS) party, the first political grouping in post-communist Poland to secure an outright parliamentary majority – as part of the ‘United Left’ (ZL) electoral coalition in alliance with the ‘Your Movement’ (TR) grouping. The latter was an anti-clerical social liberal party led by controversial businessman Janusz Palikot, which came from nowhere to finish third with just over 10% of the votes in the 2011 election but failed to capitalise on this success and saw its support decline steadily.
    [Show full text]
  • S&P Dow Jones Indices' 2020 Country Classification Consultation
    CONSULTATION S&P Dow Jones Indices’ 2020 Country Classification Consultation NEW YORK, AUGUST 19, 2020: S&P Dow Jones Indices (“S&P DJI”) is conducting its annual country classification consultation with market participants. S&P DJI’s global equity indices are divided into three major country classifications – developed, emerging, and frontier. Certain countries do not fall into one of these three categories and are considered “stand-alone” countries for index construction purposes. A number of factors are used in determining each country’s classification, both quantitative and qualitative in nature. Additionally, the opinions and experiences of institutional investors are critically important in determining whether a market should be classified as developed, emerging, or frontier. In that regard, S&P DJI is seeking feedback on the countries and markets covered by this consultation. Your participation in this consultation is important as we gather information from various market participants in order to properly evaluate your views and preferences. Please respond to this survey by October 15, 2020. After this date, S&P DJI will no longer accept survey responses. Prior to the Index Committee’s final review, S&P DJI may request clarifications from respondents as part of that review. To participate in this consultation, please visit the online survey available here. For further information about this consultation, please contact S&P Dow Jones Indices at [email protected]. Please be advised that all comments from this consultation will be reviewed and considered before a final decision is made; however, S&P DJI makes no guarantees or is under any obligation to comply with any of the responses.
    [Show full text]
  • A Vision for the Development of the Luxembourg Financial Centre Contents
    LUXFIN A VISION FOR THE DEVELOPMENT OF THE LUXEMBOURG FINANCIAL CENTRE CONTENTS Foreword by Pierre Gramegna, Minister of Finance 2 Executive Summary 4 01 Luxembourg’s development as a leading financial centre 6 02 The Luxembourg and European financial services industries 16 03 Core growth ambitions for the Luxembourg financial centre 04 26 Luxembourg’s growth enablers 34 05 Growth plans and potential in each sector of the financial centre 41 2 FOREWORD Foreword Over the course of the last three decades, Luxembourg has been able to build a financial industry which is uniquely specialized in cross-border activities. This is a common feature throughout the entire range of services provided in Luxembourg, whether Pierre Gramegna, in investment funds, wealth management, capital market Minister of Finance operations or advisory services. Enabling investors to connect November 2015 with different markets has become our trade. The success of the Luxembourg financial industry has not only benefited Luxembourg but Europe more generally. Luxembourg’s leading position in the investment fund area is foremost a success story of a European investment product, the UCITS. The assets raised in the fund industry through Luxembourg are assets that benefit companies all over Europe as they are being reinvested in various countries and help finance economic activity. Luxembourg’s expertise plays the role of enabler of this investment. Luxembourg has grown economically with the completion of the Single Market of the European Union where goods, people, services and capital can move freely. This Single Market has spurred trade and thus ensured growth. It is imperative not only to preserve it but also to continue to work for its completion.
    [Show full text]
  • INVESTING in JAPAN Japan’S Relevance to the Global Economy Japan Is an Established Global Economic Leader Across a Wide Variety of Measures
    November 2020 White Paper INVESTING IN JAPAN Japan’s Relevance to the Global Economy Japan is an established global economic leader across a wide variety of measures. It is the third largest economy in the world, behind only the United States and China1. Known for its economic diversity and sophistication, Japan has consistently ranked as the most complex economy in the world by Harvard studies2. It is home to leading companies in both production and technological advancements across a variety of industries. In addition to being the fourth-largest exporter in the world3, Japan also has a strong domestic economy powered by the third largest consumer market in the world4. Across various measures, Japan is an economic power to be reckoned with. Figure 1: Japan’s Economic Rankings: 10 Largest 10 Largest by 2019 GDP 10 Largest by 2019 Exports of 10 Largest by 2019 Household (US$ trillion) Goods and Services (US$ trillion) Consumption (US$ trillion) US $21.4 China $2.6 United States $14.0 China $14.7 US $2.5 China $5.4 Japan $5.1 Germany $1.8 Japan $2.8 Germany $3.9 Japan $0.9 Germany $2.1 India $2.9 UK $0.9 United Kingdom $1.9 UK $2.8 France $0.9 India $1.6 France $2.7 Netherlands $0.8 France $1.5 Italy $2.0 Korea $0.7 Italy $1.3 Brazil $1.8 Hong Kong $0.6 Brazil $1.2 Canada $1.7 Singapore $0.6 Canada $1.0 Source: World Bank as of 2019 Source: IMF as of 2019 Source: World Bank as of 2019 The Japanese equity market is no less significant.
    [Show full text]
  • Wealthmanagement SOLUTIONS for YOUR LIFENEEDS™
    April 2012 WealthManagement SOLUTIONS FOR YOUR LIFENEEDS™ Market Insights A periodic newsletter from Idaho Trust The focus on the European debt crisis has eased which is now allowing indebted European countries more time to continue to deal with their unsustainable debt levels. After the successful installment of a second bailout, Greece has once again avoided default. So far, the Year of the Dragon has not been kind to the Chinese economy which is slowing and projected to stay below its average growth rate. Developed Markets It appears that the recession in Europe—that was triggered by the European debt crisis—has not yet or may not heavily influence the rest of the developed world’s economies. The European recession has disrupted export activity, as expected, but we have yet to see other developed economies being pulled into a recession due to their exposures to troubled European economies. The U.S. has recently reported a string of economic indicators signaling its economy is continuing to grow. Recent GDP figures have not been robust, but they have been increasingly positive. Japan’s struggling economy has had some good news recently, but don’t expect things to turn around any time soon. Japan’s debt to GDP ratio just reached a new high of 205%. Japan is also supporting one of the oldest and declining populations in the world. That certainly doesn’t help spur economic growth which will be needed in the long-run to support the country’s debt burden. To put this into perspective, the US’s debt to GDP ratio is currently close to 102%.
    [Show full text]
  • Five Reasons to Own More Emerging Markets Equities
    Lazard Perspectives Five Reasons to Own More Emerging Markets Equities Every sell-off tells a story about an asset class—a story about what investors believe the assets are and what they are capable of becoming, for better or worse. As COVID-19 spread around the world and global growth prospects dimmed, many investors sold emerging markets equities. We believe this sell-off told the story of an asset class driven by the energy and materials sectors and populated by countries and businesses that are recipients of trickle-down demand from strong global growth, rather than drivers of that growth—the businesses that support the developed world, rather than strong markets in their own right. Not every story is accurate, however, and we believe this view is not a true reflection of emerging markets today. We strongly believe that emerging markets remain a powerful investment in 2021— so much so that we think investors ought to be considering how best to increase their allocations, rather than selling their holdings. Here are five reasons why: 2 1. Composition: Emerging markets are much less dependent on energy and materials than they once were, while Exhibit 1 MSCI EM Index Composition: Now and Then entrepreneurial information technology and internet-related (%) businesses are ascendant. 50 2. Innovation: Emerging markets have leapfrogged the developed 1995 2008 2021 42% 39% world in several key technologies, while spending on research 40 and development in China, in particular, rivals that of the US. 30 29% 3. Driving Force of Global Growth: Emerging markets account 20 for almost 60% of global growth, a proportion due to rise given 15% 13% 12% 12% their relatively young populations and ongoing urbanization.
    [Show full text]
  • Country Report Poland 2019
    EUROPEAN COMMISSION Brussels, 27.2.2019 SWD(2019) 1020 final COMMISSION STAFF WORKING DOCUMENT Country Report Poland 2019 Accompanying the document COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE EUROPEAN COUNCIL, THE COUNCIL, THE EUROPEAN CENTRAL BANK AND THE EUROGROUP 2019 European Semester: Assessment of progress on structural reforms, prevention and correction of macroeconomic imbalances, and results of in-depth reviews under Regulation (EU) No 1176/2011 {COM(2019) 150 final} EN EN CONTENTS Executive summary 3 1. Economic situation and outlook 7 2. Progress with country-specific recommendations 15 3. Reform priorities 20 3.1. Public finances and taxation 20 3.2. Financial sector 24 3.3. Labour market, education and social policies 26 3.4. Competitiveness and investment 33 Annex A: Overview Table 45 Annex B: Commission Debt Sustainability Analysis and fiscal risks 49 Annex C: Standard Tables 50 Annex D: Investment Guidance on Cohesion Policy Funding 2021-2027 for Poland 56 References 61 LIST OF TABLES Table 1.1: Key economic and financial indicators — Poland 14 Table 2.1: Assessment of implementation of 2018 country-specific recommendations 17 Table 3.2.1: Financial stability indicators of the Polish banking system 24 Table C.1: Financial market indicators 50 Table C.2: Headline Social Scoreboard indicators 51 Table C.3: Labour market and education indicators 52 Table C.4: Social inclusion and health indicators 53 Table C.5: Product market performance and policy indicators 54 Table C.6: Green growth 55 LIST OF GRAPHS
    [Show full text]